focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Nothing bad, but still headwinds. Happy to carry on holding.
Nanonano, yes you’re right I found the post that we both discussed it at the time, on the 1st Jan 2023. At least I can sleep now!
Morning, Nanonano in the court papers the below was stated. It know I wouldn't have been happy with that offer! One thing I did like in the Mil dockets was "Samsung's praise, in the Acquisition Proposal, for Nanoco's
"pioneering work" and "foundational and leading edge technology" is also relevant to rebut the assertions of Nanoco's patents being of "limited value."
On December 20, 2019, Samsung Display Co.,Ltd., an affiliate of SamsungElectronics Co., Ltd., 2sent Nanoco a "Confidential, Non-Binding Proposal to acquireNanoco Group pc."(Dkt. No. 260-5 (PTX-063), hereinafter
"Acquisition Proposal.") The Acquisition Proposal valued Nanoco's corporate holdings in the range of 53 to 60 million GBP (approx. 70to 80 million USD at the time) and stated that Samsung was prepared to make an offer subject to Samsung's due diligenceand other conditions. Samsung eventually chose not to make a purchase offer.
Maybe, but I’m nearly 100% positive that I saw within the court papers they offered 65m or 69m but was rejected by Nanoco, but could be wrong, so long ago now. If I have the inclination, I’ll have another look at my notes.
I know the offer figure was somewhere in the court papers but looking at my notes I’ve only found the first reference of Samsung engaging in the sales process. Can’t be bothered going through the passed.
https://www.docketbird.com/court-documents/Nanoco-Technologies-Ltd-v-Samsung-Electronics-Co-Ltd-et-al/REDACTION-to-261-Sealed-Patent-Document-by-Nanoco-Technologies-Ltd/txed-2:2020-cv-00038-00265
Waiting game again! At the end of Feb that will be 4 months. It looks like Madison Dearborn Partners LL a leveraged buyout model (all new to me!) and may be in the process of trying to raise the required funds, who knows.
“Madison Dearborn Partners (MDP) is an American private equity firm specializing in leveraged buyouts of privately held or publicly traded companies”
“ A leveraged buyout (LBO) is one company's acquisition of another company using a significant amount of borrowed money (leverage) to meet the cost of acquisition. The assets of the company being acquired are often used as collateral for the loans, along with the assets of the acquiring company. The use of debt, which normally has a lower cost of capital than equity, serves to reduce the overall cost of financing the acquisition”
Well we knew what was coming, no new news. I’m happy to stay invested here and GKP. The arbitration wording seems to think it’s a win before going to count “The hearing is confidential and as such we will not be able to update on progress until the Award is received, with the timing of the Award uncertain, but expected in 2024”. The only thing is of course, it they do win who’s going to pay! Oh well as I say happy to sit back and wait.
Just saw a TikTok with a demo.
https://www.roadtovr.com/disney-vr-treadmill-multiple-user/
In a way, I hope it’s a “no offer has been put forward” RNS and close this period off (unless big premium caveat!). Just one thing that concerns me, has this given some of the employees the jitters? Anyway, let’s see what tomorrow brings.
Just a follow up as couldn’t be bothered to find it last night! “ We expect to publish our audited annual report and accounts for the financial year ending 31 December 2023 on Monday, 18 March 2024. Prior to this, on Monday, 29 January 2024, we will release a comprehensive Trading Update. This update will highlight a record performance in Q4 2023 and FY 2023, demonstrating that the Group continues to trade at least in line with current market expectations.”
I’m with you on the US markets. There will be another big drop, don’t know when, but it will happen. At that point I’m going to invest into some US funds. I was only looking to day at LEGAL & GENERAL US INDEX CLASS C - ACCUMULATION (GBP) , but the price seems high to buy in right now, maybe I’m wrong but going to hold off and just keep it in mind. End of the week some US data Thursday and Friday, hoping that EMG will have a pull back for that.
Anyway see what tomorrow brings. Today I’ve stated to take a tranche in S4 on the drop (to hold for a while)
Wednesday EQLS takeover deadline and I’m waiting for Kelt TU which should be sometime this week, bought at 56p ish on that drop.